1. Toroparu Gold-Copper Project Cuyuni – Mazaruni Region SSP: TSX-V SSPXF: OTC (US) SRX: MU, BE, F (Germany) (WKN A0YF1M) Western Guyana July 2011

2. Forward Looking Statements Cautionary Note Regarding Forward-Looking Information: Except for statements of historical fact relating to Sandspring Resources Ltd., (the “Company” or “Sandspring”), certain information contained in this presentation constitutes “forward-looking information” under Canadian and U.S. securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the potential of the Company’s properties; the future price of gold; success of exploration activities; costs and timing of future exploration and development; the estimation of mineral resources; conclusions of economic evaluations; requirements for additional capital; and other statements relating to the financial and business prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans,” “expects,” or “does not expect,” “is expected”, “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “does not anticipate,” “believes,” or variations of such words and phrases. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that the management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: the Company’s goal of creating shareholder value by concentrating on the development of the Toroparu Gold-Copper Project, believing that it has the potential to contain economic gold deposits; the Company’s assessment of future plans for the Upper Puruni property; managements’ economic outlook regarding future trends; the Company’s exploration budget for the Upper Puruni property, and in particular, the availability of skilled labour, timing and the amount of the expected budget; the Company’s ability to meet its working capital needs at the current level in the short term; expectations with respect to raising capital; sensitivity analysis on financial instruments may vary from the amounts disclosed; and government regulation and environmental liability, as well as those risk factors discussed or referred to in the Company’s continuous disclosure filings with the securities regulatory authorities in Canada available at www.sedar.com. Although theCompany has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors could also cause materially different results. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This document uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. 2

4. Mining friendly jurisdiction - established Mining Act

5. History of large-scale gold (Omai) & bauxite mining

6. Emerging world-class gold producing district

7. Gold production 17% of 2010 est. GDP1

8. Small-scale artisanal miners produced ~300k ozs Gold in 2010

9. Government policy encourages development of large-scale bedrock gold productionOmai 200 km 1 2010 Guyana GDP estimated at $2,167 million, 300,000 ounces Au produced x $1,224.53 cum avg. price for 2010 ~17% of GDP (Source: World Bank, GGMC, SSP)

10. Guiana Shield – Considerable Geologic Potential 4 Aurora (Guyana GoldFields) 6.7M oz. Toroparu (Sandspring) 8.4 M oz. Source: Guyana Goldfields

11. Las Cristinas| Las Brisas Dardenne & Shobbenhaus, 2001 > 12 multi-million ounce Guiana Shield gold deposits1 VenezuelaIn-situ Gold Choco (Rusoro)* ~18 M ozs Las Cristinas (CVG) ~32 M ozs Las Brisas (CVG) ~11 M ozs Guyana Aurora(Guyana Goldfields) ~7 M ozs Toroparu (Sandspring) ~8 M ozs Omai (Cambior – Closed) ~4 M ozs Suriname Gros Rosebel (Iamgold) ~15 M ozs Merian-Nassau (Newmont) ~4 M ozs French Guiana Yaou-Dorlin ~1 M ozs Camp Caiman (Iamgold) ~3 M ozs 5 Multi-Million Ounce Gold Deposits of the Giuana Shield Choco Aurora | Sulphur Rose Toroparu Omai Nassau | Gros Rosebel Camp Caiman Yaou Dorlin 1Gold resources shown are for global order-of-magnitude comparison purposes only and do not represent NI 43-101 classification categories. * Currently producing mine

13. 14 unit CAT excavation & support fleet

14. Road + air accessible year-round

15. 2500’ all-weather airstrip

16. 225km road to tidewater

17. 120 person camp

18. 300 KVa power plant

19. Permitted 3000tpd saprolite mine & mill (2004-06)

20. Infill and step-out drilling in progress

21. 40 km of on-site access roads 1) Measured & Indicated Resource of 3.514 million ozs Au and 330 million lbs Cu (4.349 million gold-equivalent ounces) Inferred Resource of 4.928 million ozs Au and 236 million lbs Cu (5.535 million gold-equivalent ounces) both contained in an optimized pit at a cut-off > 0.24 g/t AuEq. (see page 2 in this presentation for cautionary statements regarding Inferred Resources).

22. Seasoned Management Team DIRECTORS John R. Adams BA, 1,2 Chairman P. Greg Barnes B.Sc., M.Sc. 3,4Director Rich A. Munson B.A., J.D., L.L.M. 1,2 Director Abraham Drost M.Sc., P. Geo. 5 Director Mark C. Maier B.Sc., MBA, CFA Director Gerald W. Grandey B.Sc., LLB 6 Independent Director Brad L. Doores B.A., J.D. 7 Independent Director David Constable B.Sc., MBA ,ICD.D 8,9 Independent Director MANAGEMENT Rich A. Munson B.A., J.D., L.L.M. Chief Executive Officer Abraham Drost M.Sc., P. Geo President P. Greg Barnes B.Sc., M.Sc. Executive VP Scott Issel, B.Sc., MBA Chief Financial Officer Wes Adams Investor Relations Manager EXPLORATION TEAM L. Werner Claessens B.Sc., P. Geo 10VP Exploration Pascal van OstaB.Sc., P. Geo 10Exploration Manager Terry Naciuk B.Sc., P. Geo Senior Geologist 7 Directors & Managers Experience Energy Fuels Nuclear 1 Energy Fuels Coal 2 Cameco 6 Barrick Gold Corp 7 Etruscan Resources 10 QuadraFNX Mining 9 Normandy Exploration 8 Sabina Silver Corp 5 Baku Steel Company 4 Marc Rich & Company 3 Founders, Directors, & Management control 42 million shares or 38% of issued SSP Stock Add picture

24. Drilling Toroparu resource extensions and satellite targets

25. Systematic regional exploration in progress

26. Sufficient capital to support both exploration and development

27. Road access to active exploration areas

29. Avg. head grade is 1.08 g/t AuEq2

30. Avg. Annual production: 275,000 ozs. gold and 21 M lbs. copper

31. $523/oz. AuEq production costs

32. $1.5 B LOM free cash @ $1137/oz. Au,$3.13/lb Cu

33. Advanced stage of permitting

34. Production decision in 2012

36. Significant in-country experience

37. 1,000 sq. km mineral concession

38. Well-established infrastructure

39. Potential for resource growth

40. $6/oz. AuEq discovery cost

41. Historical gold production on-site8 Exploration Development Foundation Toroparu 1) Measured & Indicated Resource of 3.514 million ozs Au and 330 million lbs Cu (4.349 million gold-equivalent ounces) Inferred Resource of 4.928 million ozs Au and 236 million lbs Cu (5.535 million gold-equivalent ounces) both contained in an optimized pit at a cut-off > 0.24 g/t AuEq. (see page 2 in this presentation for cautionary statements regarding Inferred Resources). 2) See NI 43-101 Potentially Mineable Resource table on page 11

42. Historical Chart and Milestones achieved * Mean Analyst Price Target $5.85 • 9 * As of June 22, 2011

44. Process optimization

45. Pit plan optimization

46. Geotechnical drilling

47. Feasibility

48. Establish mine management & development team

49. Mining permit

50. Construction financing

51. Mine construction

53. Pre-strip

54. Workforce training

56. World-class geologists

57. Toroparu exploration program

58. Regional mapping & sampling

59. Country-wide exploration

60. Regional mapping

61. Satellite drilling

63. Project pipeline development

65. 1.6 M ozs AuEq | 310k oz/a

69. 4.86 M ozs AuEq | 273 k oz/a

70. $525/oz AuEq | $449/oz Au21700W N Phase II 1.03 AuEq Phase I 1.26 g/t AuEq 500 M Phase III 0.97 g/t AuEq 350E The estimated 5.4 M ounce gold-equivalent potentially mineable resource is based on a 0.5 g/t gold equivalent mineable resource, 7% mine dilution at a diluting grade of 0.2 g/t Au and 0.03% Cu with 2.5% mining losses; includes the recovery of Au and Cu from a 39 million ton low-grade stockpile, grading 0.42 g/t AuEq, accumulated during the 13 year open pit mining operation. Cut off based on mining cost of $1.28/t mined, processing cost of $6.62/ t milled, and G&A cost of $1.52/t milled. 2 Cash operating cost per ounce gold net of value of by-product copper. 11

71. Process Flow Diagram- Traditional Flotation – Leach Recovery of Gold and Copper Fresh Rock 30,000 t/d Saprolite Ore 3,000 t/d Washing Circuit Crushing Pump Box Ball Milling Pebble Crusher Screens Cyclones SAG Milling Ball Milling Pump Box Screens Cyclones Gravity Concentration Bedrock Milling Saprolite Milling Gold Dore Flotation Circuit Leach Circuit Rougher Flotation Leach Thickening Regrinding Cyanidation 1st Cleaner Detox Product Filtration 2nd Cleaner CIP Thickening Copper-Gold Concentrate Carbon Elution Tailings Tailings Gold Dore Metalurgical Recoveries | Payable Metals 150mm Grind 150tld Cu concentrate 25% Cu & 4.4 oz/t Au Fresh Rock Recoveries Rougher Floatation 90-93% Au, 95-97% Cu Final Concentrate 150 tld, 70-78% Au, 76-82% Cu Payable Metals 85% Au, 76% Cu Saprolite Recoveries Leach Recovery 91% Payable Metals 91% Au 12

72. Feb 2011 Preliminary Assessment of Toroparu Mine Plan 1) PEA base assumption derived on 17- year life of mine (13 year open pit + 4- year stockpile processing), metal and fuel prices based on 24-month trailing avg. prices to February 28th 2011. 2) Current sensitivities based on average prices for Feb 2011. 3) Cash cost per ounce of recovered gold net of by- product copper value. 13

73. Exploration Potential - Expansion of higher grade gold and copper resources at Toroparu 1700W 500M 350E * Total mineral resources are NI 43-101 compliant resources in excess of gold equivalent cut-off displayed in the corresponding label above the effective date of each technical report, or as otherwise described in the legend of the chart 14

75. Upgrade Inferred resources to Measured and Indicated status

76. Expand mineralization and optimize grade shells at Toroparu

79. Geochemical and Geophysical surveying of these areas

80. Development of drill targets in these areas

81. Drilling of potentially mineralized extensions of Toroparu deposit

82. Analysis of Geochemical and geophysical data collected at Timmerman’s, Manx, Ameeba Hills, NW,SE Toroparu

83. Drilling of new targets established through the systematic regional exploration programNorthwest Toroparu Timmermans | Manx Main Pit Southeast Toroparu Putareng Granitoid Puruni Shear Zone New Access Roads

85. Completing pre-feasibility engineering (LIDAR, Pit-Slope, Tailings, Metallurgical Testing)

86. Recruiting mine management & development team

87. Diamond rigs drilling up to 10,000 meters per month (step-out & Infill holes)

88. 4 regional soil sampling crews conducting regional ICP geochemical surveys of prospective areas

89. Drill targets advancing at Ameeba Hills, Manx, and Timmermans Prospects

90. Building access roads to active exploration areas

91. Improving main access road for large-scale development18

93. Supports government initiative to move from artisanal to large-scale mining

94. Provides reliable access/infrastructure to growing resource district

96. Large tax revenue generator

97. Builds foundation for future development19

98. Significantly Undervalued vs. Development Gold Peers 20 Source: Company Reports, Bloomberg, and BMO CM Equity Research Note: Gold equivalent reserves and resources calculated at street consensus long-term commodity price estimates; Market data as at May 20, 2011 1. Includes Alamos, Aurizon, Avion, Avocet, CGA, Gammon, Golden Star, Jaguar, Kingsgate, Lake Shore, Minefinders, Oceana, Primero, Resolute, San Gold, and Teranga 2. Includes African Barrick, Buenaventura, Centamin, Centerra, Eldorado, IAMGOLD, New Gold, Petropavlovsk, Randgold, and Semafo

100. Recruitment of mine development team in progress

101. Pre-feasibility level engineering in progress

102. Potential to Expand current gold-copper resources at Toroparu (8.4M oz Au &550M lbCu discovered on approximately 2% of land package)

103. Exposure to the Guiana Shield - one of the top new gold exploration areas in the world

104. Significant new discovery potential on 1,000 km2land package

105. World-class greenstone geologists leading exploration team

106. Historically successful board and management with large ownership interest

107. Operational Capacity to support both Exploration and Development

108. Sufficient cash available for both exploration and mine development21

109. Corporate Snapshot *As of June 22, 2011 22 * As of June 22,2011

110. Contact Information Head Office: Sandspring Resources8000 South Chester Street, Suite 375Centennial, CO 80112 Telephone: 720-854-0104 Fax: 303-480-1449 For Additional Information: Email: info@sandspringresources.com 23